Bank Nifty Futures May levels
Valid only for May month.
Futures chart.
Important support and resistance.
source https://www.tradingview.com/chart/BANKNIFTY1!/wAjZGVSF-Bank-Nifty-Futures-May-levels/
Valid only for May month.
Futures chart.
Important support and resistance.
The current 4-hour chart of gold has formed an upward breakout trend, and it will continue to strengthen next! In the intraday, we focus on the 3200-line long-short watershed. Before gold falls further, gold will maintain a bullish trend. If gold wants to move out of a steady upward trend, it will not fall below the 3222 line during the day. In the short term, we refer to the points above 3222 to arrange long positions! In terms of operation, it is recommended to adjust the thinking, go long on the decline to 3240-3245 or directly chase the rise after breaking through 3270. At present, it is already long at 3243, and there is no more decline to continue long! Identify the long position during the day! On the whole, today's short-term operation of gold is recommended to focus on callbacks and short on rebounds. The short-term focus on the upper side is 3300-3310 resistance, and the short-term focus on the lower side is 3222-3245 support.
Looking like there is apparently “no tariff talks” per China.
We’re still in such an uptrend, but looking for a short-term pull back on negative news. Also we have FOMC this week. Does Powell give what Trump and the people want, a rate cut?
I’m looking for 5678.33 to
- TP1: 5672.46
- TP2: 5635.06
Possible touch or fill gap of below 5603.21?
Let me know what you think. Do your DD, not FA. Let’s see what the week brings.